$379,000
Est. $1,958/mo4 bd•1.75 ba•1,274 sq ft
4609 S Thompson Avenue, Tacoma, WA 98408
• Listed 2026-05-21•39 days on market
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Investor & developer opportunity in Tacoma! Welcome to 4609 S Thompson Ave, a property with strong potential for buyers looking to maximize value. The existing main home offers the opportunity to generate rental income while exploring future development options on the lot. With the possibility of adding 4-6 additional units, this property is ideal for investors, builders, or developers looking for a strategic project in an established Tacoma neighborhood. Conveniently located near local amenities, schools, parks, transit, and major commuter routes, this property offers both current income potential and long-term upside. Rent the main home while you work through permitting and development plans. Buyer to verify all zoning, feasibility, utility capacity, permitting, and development potential to their satisfaction. (UR3 Zone)
Listed by Ly Tran • Tran Property Group
Listing updated: July 30, 2026 at 09:27am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2527375
4609 S Thompson Avenue, Tacoma, WA 98408
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Neighborhood mobility
School information is unavailable for this listing. School boundaries can change, so verify the assigned schools with the district before purchasing.
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
$2,565 per month
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Tacoma is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 16 days.
$399,000 Sold
4 days ago
3 bd•1 ba•~1,164 sq ft•Single Family
5410 S Cushman Avenue, Tacoma, WA 98408
0%
Over list
—
Days on market
0.7 mi
Distance
$425,000 Sold
3 months ago
4 bd•2 ba•~1,980 sq ft•Single Family
4825 S I Street, Tacoma, WA 98408
2%
Under list
—
Days on market
0.2 mi
Distance
$334,900 Sold
3 months ago
2 bd•1 ba•~808 sq ft•Single Family
5637 S I Street, Tacoma, WA 98408
1%
Under list
—
Days on market
0.7 mi
Distance
$400,000 Sold
3 months ago
2 bd•2 ba•~906 sq ft•Single Family
220 S 47th Street, Tacoma, WA 98408
3%
Over list
—
Days on market
0.4 mi
Distance
$412,000 Sold
4 months ago
2 bd•1 ba•~1,243 sq ft•Single Family
6126 S Thompson Avenue, Tacoma, WA 98408
4%
Under list
—
Days on market
1.0 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Sep 2026
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of July 30, 2026 at 09:27am (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
© 2026 Northwest Multiple Listing Service. All rights reserved.
Equal Housing Opportunity. RexMont Real Estate is pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.
Open houses
No upcoming open houses scheduled for this property.
Nearby open houses (2)
See more →$372,000
-$7,000 under list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $275K and $525K.
Rental earnings
$1,125/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$525,000Last sold price
4809 S Yakima Avenue, Tacoma, WA 98408
$275,000Last sold price
4834 S Park Avenue, Tacoma, WA 98408
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
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